Forbes recently released its annual list of the 400 richest people in America and 12 Texas-based billionaires made the top 100.
Tech magnate Elon Musk, who is based out of Texas as of 2021, is the wealthiest man in America with a net worth of $251 billion.
The next richest Texan is Alice Walton with an estimated $55.7 billion. Her fortune comes from Walmart.
According to Forbes, the 20 people at the very top of the list–the uppermost 5%–are worth a staggering $1.6 trillion, accounting for 40% of the entire Forbes 400?s wealth.
Here are all the Texans who made the top 400 richest people in America and their respective rankings:
1. Elon Musk – $251 billion, Tesla SpaceX
15. Alice Walton – $55.7 billion, Walmart
16. Michael Dell – $50 billion, Dell computers
44. Jerry Jones – $16 billion, Dallas Cowboys
48. Stanley Kroenke – $12.9 billion, sports and real estate
56. Jeffery Hildebrand – $11 billion, oil
61. Andrew Beal – $10.3 billion, banks and real estate
63. Autry Stephens – $10 billion, oil
79. Ann Walton Kroenke – $8.3 billion, Walmart
86. Robert F. Smith – $8 billion, private equity
93. Tilman Fertitta – $7.7 billion, Houston Rockets and entertainment
99. Joe Gebbia – $$7.6 billion, Airbnb
104. Charles Butt – $7.5 billion, supermarkets (H-E-B)
110. Richard Kinder – $7.3 billion, pipelines
119. Dannine Avara – $6.9 billion, pipelines
119. Scott Duncan – $6.9 billion, pipelines
119. Milane Frantz – $6.9 billion, pipelines
119. Randa Duncan Williams – $6.9 billion, private equity
138. David Bonderman – $6.5 billion, private equity
150. Ken Fisher – $6.3 billion, money management
160. Ray Lee Hunt – $5.7 billion, oil and real estate
190. Dan Friedkin – $5.7 billion, Toyota dealerships
202. Bert Beveridge – $5 billion, vodka
202. Janice McNair – $5 billion, energy and sports
211. Robert Bass – $4.9 billion, oil and investments
214. Robert Rowling – $4.8 billion, hotels and investments
227. Mark Cuban – $4.6 billion, online media and Dallas Mavericks
227. Kelcy Warren – $4.6 billion, pipelines
234. Margot Birmingham Perot – $4.5 billion, computer services and real estate
234. Joseph Liemandt – $4.5 billion, software
252. Thai Lee – $4.2 billion, IT provider
271. Hayes Barnard – $4 billion, fintech
271. W. Herbert Hunt – $4 billion, oil
271. Trevor Rees-Jones – $4 billion, oil and gas
296. H. Ross Perot, Jr. – $3.8 billion, real estate
296. Steven Udvar-Hazy – $3.8 billion, aircraft leasing
303. Sid Bass – $3.7 billion, oil and investments
332. John Arnold – $3.3 billion, hedge funds
351. Bill Austin – $3.1 billion, hearing aids
359. George Bishop – $3 billion, oil and gas
369. John Paul DeJoria – $2.9 billion, hair products and tequila
380. Eleanor Butt Crook & family – $2.8 billion, supermarkets
388. Drayton McLane, Jr. – $2.7 billion, Walmart and logistics
Forbes notes that 42 people either joined or rejoined the ranks this year. Of those people – the richest newcomer is Texas billionaire Autry Stephens who comes in at No. 63 overall. Stephens is one of 19 billionaires on the list who made their money in energy.
To determine the rankings of the richest Americans Forbes said some billionaires provided documentation for their assets and companies while others were less forthcoming.
“To value private businesses, we coupled revenue or profit estimates with prevailing price-to-sales, price-to-earnings or similar ratios for similar public companies and applied a 10% liquidity discount,” Forbes said of its methodology. “For venture-backed companies and other businesses that had not recently sold equity to investors, we adjusted based on how the sector in which they operate has fared in the time since their latest funding round.”
The richest people in America range in age from real estate mogul Ted Lerner and early Berkshire Hathaway investor David Gottesman, both 96, to 29-year-old Gary Wang, the co-founder of crypto exchange FTX.
Wang is one of ten billionaires on the list under the age of 40.